REPLACEMENT INVESTOR PRESENTATION

19 July 2018 REPLACEMENT INVESTOR PRESENTATION On 18 July 2018, Birimian Limited (ASX: BGS; Birimian or the Company) released a presentation entitled 2018 PFS Roadshow Presentation (Presentation) (BGS, 18 July 2018). The Company has become aware of several errors in the Presentation and hereby withdraws the Presentation, which should be disregarded and not relied upon. A replacement presentation, which addresses the mistranscription of correct previously reported information and rounding errors and updates the peer comparison on Slide 10, is attached. Greg Walker Executive Director and CEO Birimian Limited

Goulamina Lithium Project 2018 PFS Roadshow Presentation July 2018

Disclaimer This presentation has been prepared by Birimian Limited ABN 11 113 931 105 (Company or BGS) for general information purposes only. The presentation is not and should not be considered as an offer or invitation to subscribe for or purchase any securities in BGS, or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in BGS will be entered into on the basis of this presentation. This presentation may contain certain forward looking statements which have not been based solely on historical facts but rather on BGS s current expectations about future events and a number of assumptions which are subject to significant uncertainties and contingencies many of which are outside the control of BGS and its directors, officers and advisers. Due care and attention has been taken in the preparation of this presentation, however the information contained in this presentation (other than as specifically stated) has not been independently verified for BGS or its directors and officers, nor has it been audited. Accordingly, BGS does not warrant or represent that the information contained in this presentation is accurate or complete. To the fullest extent permitted by law, no liability, however arising, will be accepted by BGS or its directors, officers or advisers, for the fairness, accuracy or completeness of the information contained in the presentation. No responsibility or liability is assumed by BGS or any of its directors, officers or advisers for updating nay information in this document or to inform any recipient of any new or more accurate information or any errors of mis-descriptions of which the Company or any of its directors, officers or advisers may become aware. Forward Looking Statements This presentation contains forward-looking information that is based on the Company s expectations, estimates and projections as of the date on which the statements were made. This forward-looking information includes, among other things, statements with respect to the pre-feasibility and any feasibility studies, the Company s business strategy, plan, development, objectives, performance, outlook, growth, cash flow, projections, targets and expectations, mineral resources, results of exploration and relations expenses. Generally, this forward-looking information can be identified by the use of forward-looking terminology such as outlook, anticipate, project, target, likely, believe, estimate, expect, intend, may, would, could, should, scheduled, will, plan, forecast, evolve and similar expressions. Persons reading this presentation are cautioned that such statements are only predictions, and that the Company s actual future results or performance may be materially different Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is developed based on assumptions about such risks, uncertainties and other factors, including but not limited to general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of lithium and other metals; possible variations of ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accident, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. This list is not exhaustive of the factors that may affect the Company s forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. The Company disclaims any intent or obligations to or revise any forward-looking statements whether as a result of new information, estimates, or options, future events or results or otherwise, unless required to do so by law. Statements regarding plans with respect to the Company s mineral properties may contain forward-looking statements in relation to future matters that can be only made where the Company has a reasonable basis for making those statements. Competent Person Statements regarding plans with respect to the Company s mineral properties are forward looking statements. There can be no assurance that the Company s plans for development of its mineral properties will proceed as expected. There can be no assurance that the Company will be able to confirm the presence of mineral deposits, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of the Company s mineral properties. Previously Reported Information This presentation refers to the following previously reported information: Mineral Resources in the announcement entitled Maiden Resource at Goulamina Confirms Large Tonnage and High Grade Lithium Deposits and dated 27 October 2016. Mineral Resources in the announcement entitled Goulamina Lithium Resource Expansion and Project Update dated 22June 2017. Mineral Resources in the announcement entitled "18.06.29 Danaya Mineral Resource Upgrade" and dated 29 June 2018. Ore Reserves in the announcement entitled "High Grade Maiden Ore Reserve for Goulamina" and dated 4 July 2018. The Company confirms that it is not aware of any other new information or data that materially affects the information included in the original market announcements referred to above, and that all material assumptions and technical parameters have not materially changed. The Company confirms that the form and context in which the Competent Person s findings are presented have not been materially modified from the original market announcements. There is information in this announcement relating to the outcomes of the Goulamina updated Pre-feasibility Study announced to the market on 4 July 2018 in the release entitled Goulamina Updated PFS Delivers Strong Project Outcomes. The Company confirms that all the material assumptions underpinning the Production Target and the forecast financial information derived from the Production Target in the original announcement continue to apply and have not materially changed. 2

Birimian Limited Corporate Structure ASX code BGS Shares on issue 233.6M Options on issue 10.5M Cash (as at 31 March 2018) $9.1M Debt nil Market Cap (@A$0.475) $111M Major Project: Goulamina lithium project Other Projects: Massigui & Dankassa gold projects 3

PFS Demonstrates Very Strong Financial Metrics Pre-tax NPV 10 A$920M (US$690M) Pre-tax IRR (real) 49.5% Life Of Mine Annual Average EBITDA $A171M pa (US$128M pa) Capex (Incl. Pre-Production & contingencies) A$266M (US$199M) C1 Cash Cost A$374/t (US$281/t) Payback Period 2.6 Years 4

Maiden Ore Reserve 1 Maiden Ore Reserve 31.2Mt @ 1.56% Li 2 O Category Cut-off Li 2 O% Mt Li 2 O% Fe 2 O 3 % Li 2 O Tonnes Probable 0.00% 31.2 1.56 1.03 486,000 Maiden Ore Reserve derived from Indicated Mineral Resource of 43.7Mt at 1.48% Li 2 O. Conversion Rate of Indicated Resource tonnes to Ore Reserve of 71.4%. 1 Refer to ASX announcement High Grade Maiden Ore Reserve for Goulamina (ASX: BGS, 4 July 2018) 5

Upgraded Mineral Resource released June 2018 Total Indicated and Inferred Resource 2 103.2Mt at 1.34% Li 2 O Goulamina Mineral Resources June 2018 Mineral Resources Category Mt Li 2 O% Li 2 O (Mt) Fe 2 0 3 (%) Indicated 43.7 1.48 0.65 1.02 Inferred 59.5 1.21 0.74 1.05 Total Resources 103.2 1.34 1.39 1.04 The maiden Ore Reserve is included within the total Mineral Resource. Maiden Ore Reserve derived from West, Main and Sangar I & II resource area from June 2018 resource, shown in blue. Additional Mineral Resource from Danaya, added in June 2018, is shown in green 2 Refer to ASX announcement 18.06.29 Danaya Mineral Resource Upgrade (ASX: BGS, 29 June 2018) 6

Initial 16 year mine life with potential to grow 3 666% Increase in Resources in 20 months June 2018 Total Mineral Resource 103.2Mt @ 1.34% Li 2 O April 2018 Total Mineral Resource 65Mt @ 1.43% Li 2 O Inferred 59.5Mt @ 1.21% 2016 May 2016 Exploration drilling commences October 2016 Maiden Resource 15.5Mt @ 1.48% Li 2 O Inferred 9.3Mt@ 1.53% Indicated 6.2Mt @ 1.40% April 2017 New Board and Management appointed June 2017 Total Resource 32.9Mt@1.37% Inferred 7.6Mt @ 1.37% Indicated 25.3Mt @ 1.37% Li 2 O 2017 2018 Inferred 21.3Mt @ 1.34% Indicated Resource 43.7Mt @ 1.48% Li 2 O 71.4% Conversion Rate Of Indicated Resource To Ore Reserve July 2018 Maiden Ore Reserve 31.2Mt @ 1.56% Li 2 O Refer to ASX announcements: Mineral Resources in the announcement entitled Maiden Resource at Goulamina Confirms Large Tonnage and High Grade Lithium Deposits (ASX: BGS 27 October 2016). Mineral Resources in the announcement entitled Goulamina Lithium Resource Expansion and Project Update (ASX: BGS 22 June 2017). Mineral Resources in the announcement entitled "18.06.29 Danaya Mineral Resource Upgrade" (ASX: BGS 29 June 2018); and Ore Reserves in the announcement entitled "High Grade Maiden Ore Reserve for Goulamina" (ASX: BGS 4 July 2018). 7

Low Operating Costs Brook Hunt Cash Costs: Real C1 Cost $A/t Concentrate $US/t Concentrate Mining 145 109 Processing 96 72 Sales, General and Administration 17 13 Road Transport and Port Handling 116 87 LOM Annual Average EBITDA $A171M pa (US$128M pa) C1 Cost Total 374 281 All In Sustaining Cost 425 319 Birimian Pricing Deck 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Spodumene Price 6.0% Li 2 0 Spodumene Price 6.0% Li 2 0 $US/t FOB $A/t FOB Av. Long Term 812 863 684 541 577 613 684 684 684 684 684* 1,083 1151 912 721 769 817 912 912 912 912 912 * This forecast concludes a long term concentrate price of US$684/t, however LOM weighted average price used is US$666/t. 8

PFS Production Profile and Open Pit Mine Design Total Ore Reserve Average LOM head grade Initial mine operating life Processing capacity Average Concentrate production Total Concentrate production (LOM) 31.2Mt 1.56% Li 2 O 16 Years 2Mtpa 362,000 tpa 5.7Mt 1.3kms LOM metallurgical recovery (avg.) 70.4% Waste to ore ratio (avg. LOM) 3.5:1 Maximum Depth 190m 9

Grade (%L i2 O Goulamina - A Large and Growing Resource Attributable Resource Tonnes and Grades (% Li 2 O) Selected ASX-listed Hard Rock Lithium Deposits TAW PLS KDR BGS 1.80 1.60 1.40 1.20 1.00 0.80 0.60 0.40 0.20 - Kidman Resources (50%) Earl Grey Tawana Resources (50%) Bald Hill Birimian Goulamina - 50 100 150 200 250 Tonnes (M) Pilbara Pilgangoora Company Birimian Pilbara Tawana Kidman ASX Code BGS PLS TAW KDR Attributable Mineral Resource 103.2Mt at 1.34% Li 2 O 213.3Mt at 1.32% Li 2 O 1 13.25Mt at 0.96% Li 2 O (50%) 2 94.5Mt at 1.50% Li 2 O (50%) 3 Market Cap** $111M $1,762M $220M $630M Notes: Area of circle in graph indicates contained Li 2 O. 1 PLS: ASX announcement 29 May 2018 Pilgangoora Keeps Growing with 36% Jump in Mineral Resource to 213Mt at 1.32% Lithia on Eve of Start-up 2 TAW: ASX announcement 6 June 2018 Lithium Ore Reserve Increase of 105% at Bald Hill 3 KDR: ASX announcement 19 March 2018 Substantial Increase in Earl Grey Lithium Mineral Resource Estimate ** As at 18 July 2018 10

Goulamina Exploration Known Mineral Resource still open along strike and at depth. Danaya zone contains multiple parallel pegmatites with Mineral Resource definition drilling in these zones now complete. Current Reserve Focus of Mineral Resource upgrade Exploration will continue during Feasibility Study, targeting infill drilling and resource stepout. Further Mineral Resource upgrade planned for the second half of 2018. 11

Conventional Hard Rock Processing Plant Capital Expenditure $A $US Process Plant 97.6 73.2 Camp, Power, Water, Tailings and Earthworks 59.2 44.3 Engineering 23.0 17.3 Other Site Expenses 16.0 12.0 Total Capex (less contingency and pre-production) 195.7 146.8 Contingency 23% 44.6 33.5 Pre-production Costs 25.4 19.1 Total Capex 265.7 199.3 12

Lithium Demand - Forecast to Rise Lithium demand driven by rechargeable batteries Longer life cycle, lighter and high energy density Forecast consumption of lithium by first use, 2017-27 (000t LCE) Roskill (i) forecasts for growing lithium demand: Electric vehicles 26.3% CAGR* Consumer electronics 7.5% CAGR* Renewable grid storage 16.5% CAGR* (i) Source: Roskill Consulting UK Ltd 13

PFS Sensitivity Analysis Very Robust Project PFS Sensitivity Analysis (Post-Tax NPV 10 $A Millions) NPV 10 $A Millions % Change 14

Mali An Established and Favorable Mining Jurisdiction Developed mining culture Africa s third largest gold producer. Ranked #25 out of 91 mining jurisdictions. (Fraser Institute) World Class Mining Houses Operating in Mali Randgold Luolo, Morila IAMGold Yatela Resolute Syama & Finkola Anglogold Sadiola & Yatela Hummingbird Resources plc built the Yanfolila gold mine in 2017. Rapid permitting The Republic of Mali has an outstanding track record for facilitating and rapidly permitting mineral development projects. Supportive government Well established Mining Code and Government actively seeking to diversify its mineral sector. Capital city Bamako Yatela Sadiola Loulo Tabakota Yanfolila Population 18 million 8th largest country in Africa Goulamina BAMAKO Morila Syama MALI 15

Transport and Infrastructure The roads to port Birimian will bulk transport 362Kt of spodumene by road to Port. Mali has access to two under-utilised bulk loading facilities at Ports of Abidjan and Dakar. Under cover storage available at Port of Abidjan. All of Mali s bulk tonnage imports and exports are delivered by road transport. Each year some 600Kt of prepared and raw cotton is trucked from Mali to the Ports of Abidjan and Dakar. Mali imports 450Kt of phosphate and all petroleum products by road transport. 16

Management Team Has Strong African Project Experience BOARD & MANAGEMENT BACKGROUND & EXPERIENCE James McKay Chairman Greg Walker Executive Director & Chief Executive Officer +25 years commercial and funding experience. Finance, business management and legal experience over a range of sectors and board compositions. +35 years resource sector experience. African-based project development and operations, industrygovernment relations and strategic planning. Gillian Swaby Executive Director +30 years experience in resource-focused listed companies. Corporate, governance, finance and management, including development and production in Africa. Noel O Brien Non-Executive Director Noel McAuliffe Chief Financial Officer/Company Secretary Darryl Butcher Project Manager Dr Andy Wilde Exploration Manager Mark Hepburn Corporate Development Manager +30 years project development and African experience. Lithium processing expert. +25 years experience in accounting and finance in the mining and exploration industry, including West Africa. +35 years experience in process design and African project development. Substantial hydrometallurgical experience. +35 years experience in industry and academia, including exploration in Mali. Fellow of the Australian Institute of Geoscientists and of the Society of Economic Geologists. +28 years financial markets experience, working in stockbroking, corporate finance and advisory with a focus on resources.

Birimian - Clear Strategy for Development Next Steps Completion of ESIA process; report submission and environmental permitting Completion of Exploitation (Mining) Licence approval process Completion of FS and definitive engineering studies Signing of binding offtake agreements Securing of Project financing Procurement and ordering of long lead-time items Construction, commissioning and production rampup. Commencement of Production by March 2020 18

Strong Investment Case Goulamina PFS demonstrates exceptional Project metrics and value. 19

ASX:BGS BIRIMIAN LIMITED birimian.com Second Floor, Spectrum Building 100-104 Railway Road Subiaco WA 6008 Australia P: +61 8 6382 2226